Home / Knowledge / News / Textiles / Chinese trade balance turns negative for first time in six years
Chinese trade balance turns negative for first time in six years
13
Apr '11
China registered a deficit of US $1.02 billion in its foreign trade in the first quarter of this year. This fact was revealed by China General Administration of Customs.

Though China's exports and imports registered a growth of nearly 30 percent in the first quarter, it was the first time that China witnessed a trade deficit in any quarter in the last six years.

As per data released by China Customs, China's total foreign trade was worth US $800.3 billion in the first quarter this year, recording an increase of 29.5 percent, year on year.

Exports amounted to US $399.64 billion while imports fetched US $400.66 billion. China's exports jumped by 26.5 percent, while imports registered an increase of 32.6 percent for the same period.

In March, China recorded an increase of 35.8 percent in exports, delivering goods worth US $152.2 billion. On the import front, it spent US $152.06 billion, 27.3 percent more compared to March of the previous year.

Analyzing China's foreign trade, researcher Li Jian points out a basic balance between its imports and exports. Experts believe that this basic balance will effectively alleviate the pressure of RMB appreciation.

China has implemented a new policy to stabilize exports and expand imports and due to this policy, China has achieved a basic balance between imports and exports. Li works with International Trade and Economic Cooperation Academe under the Ministry of Commerce.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 6th Dec 2016

Garments, yarn export entitlement quota extended for 1 yr

Indian government has extended the export entitlement quota for...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search